Today, the Market appears set to open lower. The levels we are watching in the SPY are 112 (sup) and 112.60(res). Below 112, the next support level is 111.50-111.60. Our best AM Idea for today, which we highlighted in our AM Meeting is to short AAPL into a pop close to 210. Tgts: 209, 208. Don’t forget to follow us … Read More
SMB Morning Rundown for December 29, 2009
Today, the Market appears set to open higher. The levels we are watching in the SPY are 112.60 (sup) and 113.60(res). Below 112.60, the next support level is 112. Our best AM Idea for today, which we highlighted in our AM Meeting is to short AAPL into a pop close to 212.85. Tgts: 211.30, 210.60. Don’t forget to follow us … Read More
Adapt to Survive High-frequency Trading – SFO Magazine
Mike Bellafiore, partner at SMB Capital, wrote an article for SFO Magazine, titled “Adapt to Survive High-frequency Trading”. In the article, Mike discusses the effect High Frequency Trading (HFT) has had on the markets and the changes short-term traders need to make to adapt. Read the full article here and feel free to leave your comments on this blog. Don’t … Read More
Some Ideas on Light Holiday Trading
Ok so the volume is light. GMan barked on the Open, “Volume is down 1/2.” Dovey said about the same just with some streets of Brooklyn color. On a day like today we must observe this different trading. But there were still some opportunities. AJames made a great call in STEC as it made a new important technical high and … Read More
SMB Morning Rundown for December 28, 2009
Today, the Market appears set to open higher. The levels we are watching in the SPY are 112.40 (sup) and 113.60(res) Below 112.40, the next support levels are 112 and 111.50. Our best AM Idea for today, which we highlighted in our AM Meeting is AAPL. Buy into a pullback between 209.30 and 210. Tgt: 214-215. Don’t forget to follow … Read More
SMB Morning Rundown for December 24, 2009
Today, the Market appears set to open slightly higher. The levels we are watching in the SPY are 112.40 (res) and 111.90(sup) Below 111.90, the next support level is 111.50. Above 112.40, there are no clear resistance levels. Our best AM Idea for today, which we highlighted in our AM Meeting is STEC. We are watching the 15.50 and 16.00 … Read More
Learning How Not to Lose Money
With my post nasal drip cough I tucked myself into my trading station ready to perform. AST who sits to my left was interested in RHT. I didn’t have a stock(s) I needed to trade, so I traded his. RHT on the Open was a lesson in how not to lose money. 1) RHT first moved higher after its gap … Read More
SMB Morning Rundown for December 23, 2009
Today, the Market appears set to open slightly higher. The levels we are watching in the SPY are 111.90 (inflection point), 111.50(sup) and 112.40(res). Below 111.50, the next support level is 110.80. Above 112.40, there are no clear resistance levels. Our best AM Idea for today, which we highlighted in our AM Meeting is to buy AMZN close to 134. … Read More
